Posted by **mary burks** on Sunday, June 10, 2012 at 11:42pm.

if a investor invested 1,500 in two funds one earned 4% profit the other eared 2% profit if the investor profit was 42. how much was invested in each fund?

- algabra -
**Steve**, Monday, June 11, 2012 at 11:40am
If $x was invested at 4%, then the rest (1500-x) was invested at 2%. So, adding up the interest earned,

.04x + .02(1500-x) = 42.00

x = $600

## Answer this Question

## Related Questions

- Mat/116 - An investor invested $3,400 in two mutual funds.One fund earned a 6%...
- Algebra - An investor invested a total of 1,400 in two mutual funds. One fund ...
- algebra - an investor invested a total of 1,100 in two mutual funds. One fund ...
- algebra - An investor invested a total of $500 in two mutual funds. One fund ...
- MAT116 - An investor invested a total of $3,400 in two mutual funds. One fund ...
- math - an investor invested a total of $2,900 in two mutual funds. One fund ...
- Algebra - An investor invested a total of $2000 in two mutual funds. One fund ...
- Math - an investor invested a total of $3,100 in two mutual funds. One fund ...
- Algebra - An investor invested a total of $1400 in two mutual funds. One fund ...
- algebra - An investor invested a total of $2200 in two mutual funds. One earned ...

More Related Questions